The investment seeks long-term capital appreciation.
The fund pursues a momentum investment style by investing primarily in equity or equity-related securities of small-cap companies traded on a principal U.S. exchange or over-the-counter market that the Adviser determines to have positive momentum. Under normal market circumstances, it will invest at least 80% of its net assets in small-cap U.S. companies. The fund invests significantly in common stocks. It may also invest in or use financial futures contracts and other types of equity-linked derivative instruments.